Somalia Counter-piracy Initiative Wins Cash

Press Release
Wednesday, May 08, 2013

Somalia wins extra cash, military aid, at the recent London donor summit.

Britain will help boost radio communications on the Somali coast to combat piracy that the World Bank has estimated costs the world economy $18 billion despite the dramatic drop in incidents so far this year, reports Reuters.

At the end of the London summit Britain committed around 180 million pounds ($279 million), including funding for a planned doubling of the police force, and the United States donated $40 million on top of the $1.5 billion it has given since 2009.

Source: Reuters

 


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